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1501-1515 E Osborn Rd 32,689 SF 96% Leased Office Building Phoenix, AZ 85014 $7,250,000 ($221.79/SF) 7.80% Cap Rate
Investment Highlights
- The site is zoned R-5, allowing for potential conversion opportunities, as well as strong and stable cash flow.
Executive Summary
This medical office investment opportunity includes ±32,687 square feet across two buildings, with long-term, stabilized tenants, and in close proximity to multiple major hospitals. Located in the heart of Central Phoenix, the project is 96% occupied on 2.4 acres. The site is zoned R-5, allowing for potential conversion opportunities, as well as strong and stable cash flow.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
32,689 SF
Building Class
B
Year Built
1990
Price
$7,250,000
Price Per SF
$221.79
Cap Rate
7.80%
NOI
$565,500
Percent Leased
96%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,345 SF
Building FAR
0.31
Lot Size
2.40 AC
Zoning
R-5 - R-5
Parking
79 Spaces (2.42 Spaces per 1,000 SF Leased)
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 118-11-036J | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $242,960 |
Property Taxes
Parcel Number
118-11-036J
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$242,960
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Contact the Sale Advisor
1501-1515 E Osborn Rd